#Sweden #Stockholm #Green Hydrogen #Metacon AB #Fenja Capital

Metacon's Strategic Financing to Back Green Energy Development

Metacon AB, a key player in the green energy sector, has successfully secured temporary project financing amounting to 50 million SEK from Fenja Capital II A/S. This significant funding injection is intended to support the company's short-term operational needs as it continues to navigate several active projects.

The financing is structured at market terms and is aimed at bolstering Metacon's liquidity until it receives milestone payments related to current customer contracts. The company's President and CEO, Christer Wikner, emphasized the importance of this financing in meeting the company's immediate liquidity requirements. He stated, "Through secured project financing for the management of the latest contracts, the company's short-term liquidity needs are met."

Loan Details

The loan carries a modest interest rate of 1.5 percent charged per initiated 30-day period, alongside a setup fee of 5 percent. The repayment of the financing is scheduled to be completed by 30 September 2026, ensuring that Metacon remains equipped to handle its operational costs while awaiting payment from ongoing projects.

The Vision Behind Metacon

Metacon is dedicated to developing and manufacturing energy systems that produce fossil-free, 'green' hydrogen. This is achieved through various advanced technologies, including the company's patented HIWAR® technology that generates hydrogen via catalytic steam reforming, primarily using biogas and bioethanol. Metacon collaborates closely with PERIC Hydrogen Technologies, a global leader based in China, to provide complete electrolysis plants for large-scale hydrogen production.

In taking steps to expand its operations, Metacon is also focusing on enhancing the infrastructure for hydrogen production-integrated refueling stations. As clean transport gains momentum globally, Metacon positions itself at the forefront, aiming to cater to increased demand within this sector.

Importance of Sustainable Energy

The push for green hydrogen aligns seamlessly with global objectives focused on sustainability and reducing carbon emissions. Hydrogen stands out as a viable energy source that can complement the transition from fossil fuels to renewable energy. The investments made by Metacon not only serve to enhance the company’s market position but also contribute significantly to the global energy landscape that advocates for cleaner alternatives.

Future Prospects

With the strategic financing in place, Metacon is poised for growth and aims to solidify its role as a leading provider in the green hydrogen market. As the company continues to develop innovative solutions, it expects to meet or exceed the increasing operational demands from the evolving energy sector. Furthermore, Metacon’s ongoing collaborations and technological advancements position it well for the future, allowing it to respond effectively to market changes and customer needs.

As interest in renewable energy sources accelerates, Metacon's initiatives reflect a broader trend towards sustainable development and innovative energy solutions. The company's proactive approach to securing financial resources demonstrates its commitment not just to staying operational but thriving in a highly competitive environment.

For further inquiries on Metacon’s financial strategies or information regarding its technology solutions, interested parties can contact Christer Wikner at +46 707 647 389 or Mattias Jansson at +46 722 316 862.

Conclusion

With this recent financing acquisition, Metacon AB not only enhances its liquidity position but also reinforces its commitment to advancing the energy transition towards greener alternatives. The strategic utilization of this funding will be integral to Metacon's ongoing efforts to develop innovative hydrogen solutions that meet the demands of a transitioning global energy market.